China Grapples With Bigger Role in New World Order


May 15th, 2009 in Breaking News, New World Disorder
China Grapples With Bigger Role in New World Order, Zhou Says - Bloomberg.com.


May 15 (Bloomberg) — China’s policy makers, grappling with their bigger voice on the global stage, have yet to agree on what they want from a new world financial order, central bank Governor Zhou Xiaochuan said.

“Many issues are new to us and we haven’t formed a collective opinion about them,” said Zhou, speaking at a conference in Shanghai today. “There are some scholars’ views on those issues but we haven’t reached a consensus at a national level or set any goal.”

Zhou this year has already called for the creation of a new international reserve currency and his central bank blamed the financial crisis on “complacency” and a conviction in the U.S. that markets always correct themselves. China, the only major economy among the top five globally that is still growing, wants the International Monetary Fund reorganized to give developing countries more voice.

Source: China Grapples With Bigger Role in New World Order, Zhou Says - Bloomberg.com